KKR Interview Question

Rank asset classes by cap rate

Interview Answers

Anonymous

Jun 10, 2026

offices, hotels, homes

Anonymous

Jun 10, 2026

homes, buildings, hospitals

Anonymous

Jun 10, 2026

homes, hotels, schools, plazas

Anonymous

Jun 10, 2026

Self-storage — 5.5–7.5% Mobile home parks — 5.5–7.0% Retail (strip/power centers) — 6.0–8.0% Office (suburban/secondary) — 6.5–8.5% Industrial (secondary markets) — 5.5–7.0% Hospitality — 7.0–9.0%+ (highly variable) Multifamily (workforce/suburban) — 5.0–6.5% Industrial (core/logistics) — 4.5–6.0% Multifamily (core urban) — 4.0–5.5% Net lease (investment-grade) — 4.5–6.0% Office (CBD/trophy) — 5.0–6.5% (depressed demand but repriced) Life sciences / data centers — 4.5–6.0%

Anonymous

Jun 10, 2026

Self-storage — 5.5–7.5% Mobile home parks — 5.5–7.0% Retail (strip/power centers) — 6.0–8.0% Office (suburban/secondary) — 6.5–8.5% Industrial (secondary markets) — 5.5–7.0% Hospitality — 7.0–9.0%+ (highly variable) Multifamily (workforce/suburban) — 5.0–6.5% Industrial (core/logistics) — 4.5–6.0% Multifamily (core urban) — 4.0–5.5% Net lease (investment-grade) — 4.5–6.0% Office (CBD/trophy) — 5.0–6.5% (depressed demand but repriced) Life sciences / data centers — 4.5–6.0%

Anonymous

Jun 10, 2026

Hospitality Retail (strip/secondary) Office (suburban) Self-storage Mobile home parks Industrial (secondary) Multifamily (workforce) Net lease (investment-grade) Industrial (core) Office (CBD/trophy) Life sciences / data centers Multifamily (core urban) Student / senior housing Prime logistics Gateway multifamily